By Stephen Nakrosis
Grom Social Enterprises Inc. on Wednesday said it received approval to list its shares on the Nasdaq Capital Market and expects to begin trading there June 17.
The company said its shares would be listed under the symbol “GROM” and its warrants under the symbol “GROMW.”
The shares currently trade over the counter.
Grom also said it priced an underwritten public offering of 2,409,639 units at a public offering price of $4.15 per unit. Each unit will consist of one share of common stock and a warrant to purchase one share of common stock.
Grom said it is a “social media platform and original content provider for children under the age of 13.”
Grom shares finished the day’s trading with a 20% loss, closing at $8.
–Write to Stephen Nakrosis at [email protected] Zoom.com